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Income Planning Services From Malibu, CA

Understanding Income Planning for Retirement

Income planning helps you shape a clear picture of what your financial life will look like in retirement. To start, you’ll need to review all income sources—including Social Security, pensions, investment income from properties, businesses, stocks, bonds, personal savings, and even potential inheritance.

Next, you must consider how taxes will impact your income. This step often gets overlooked in retirement planning, but it’s crucial. Ignoring taxes can lead to unexpected reductions in your retirement income.

There are only three types of tax buckets where your money can be held:

  1. Taxable bucket

  2. Tax-deferred bucket

  3. Tax-free bucket

I discuss these buckets in detail in my book. It’s important to understand where your money sits and how each type impacts your income. Knowing this allows you to plan smarter, reduce taxes, and keep more of what you’ve earned in retirement.

Future Income Planning for Retirement

When planning for future retirement income, your money will fall into one of three buckets—something I explore in detail in my book. These are: the taxable bucket, the tax-free bucket, and the tax-deferred bucket. Understanding which buckets hold your money and how each impacts your taxes is essential. The way your funds are distributed across these categories can significantly affect how much income you keep during retirement.

Invest in Inheritance Planning

At Malibu Wealth Planning, we stand apart from many inheritance and income planners by factoring in future tax rates. Most people we meet—even those who have planned their retirement—haven’t considered the impact of income taxes. After giving dozens of seminars, I’ve found this oversight to be incredibly common.

Our income planning services in Malibu, CA, focus on building a diverse income stream. That way, you’re better prepared for unexpected changes in tax laws and can enjoy retirement with greater confidence.

Income planning is the process of building a clear picture of what your income will look like in retirement. It involves more than just guessing or hoping—you need a strategy.

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1%

Of Every Tax Dollar

In 2017, 91% of every tax dollar went to pay for Medicare, Medicaid, Social Security and Interest on the National debt.

1%

Lost Half of Their Portfolios

80% of Americans lost half of their portfolios during the 2008 Market Crash

1%

Will Need Long Term Care

There is a 1 in 3 chance that you will need some kind of Long-Term Care after the age of 65

Peace of Mind

We simplify the financial landscape and offer a personalized and transparent service that will allow you to see exactly how your money is working every step of the way.

Our team of income planners at our headquarters near Calabasas and Los Angeles, CA, recognizes the value of long-term relationships with our clients and aims to deliver income planning services from Malibu, CA, that are custom-tailored to your unique circumstances. When you have dedicated and proactive financial experts on your side, you’ll obtain the confidence and peace of mind that your financial future is safe.

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Financial Structure

Throughout the planning process, you must take into account your current and future earnings, savings, and investments and then calculate how much money you will expect to have in retirement. Additionally, we show you how your finances will be affected in the future through:

  • Tax increases
  • Rising living costs
  • Fluctuations in mortgage and insurance repayments
  • Under-funded investments
  • Reduced 401(k) contributions
  • Loss of employment

Long Term Security

A long-term financial strategy will help prevent your retirement funds from drying up faster than you planned. Knowledge helps you understand how long-term care may impact your finances with and without long-term planning. The solutions our advisors offer are tailored to your individual circumstances and financial capability.

Contact Us for Income Planning Services From Malibu, CA

Malibu Wealth Planning can help you with more than just income-based retirement planning. Our experts are capable of assisting you with numerous other financial matters, including:

Although our headquarters are in Southern California, we offer financial assistance to clients beyond Los Angeles and Calabasas, CA. If you seek our income planning services from Malibu, CA, you can call us for assistance in Central California and anywhere in the United States!

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